Air cargo industry faces 'huge number of challenges', says TIACA's Hughes
There are “a huge number of challenges” facing the air cargo industry, and the broader ...
July has failed to live up to the air cargo growth – however small – seen in June, according to WorldACD, but rates are up.
July saw volume growth of 1.8% year-on-year, down from nearly 3% in June. Europe lost some of its lustre, but Asia Pacific looked to be on a slight rebound, with 3.7% growth. Worldwide yields remained stable, month on month, although Europe and the US saw a slight fall. For the year-to-July, yields (in US$) have fallen 21% in Asia-Pacific.
WorldACD also looked at individual markets. Despite Lufthansa’s woes, it appears to be in one of the best markets for year-on-year growth. Volumes from Germany to eastern China have risen 20%, and are up 12% on the reverse route. Eastern China to US Pacific is up 13%, while Germany to India is up 11%. This interesting analysis follows Drewry’s announcement last week that east-west air freight rates rose in July to the highest level this year, with a mild strengthening in demand – albeit on the back of a weak market.